Aspen you are making too much sense for WTN threads . . . the rampers have taken pot shots but the SP drop and posts are all there in black and white - well done.
It all becomes clear now why the placement is at 10c, as you've highlighted the memo shows the placement is not discounted too much from true current value.
If I were a holder I'd be selling quick smart.
Wonder if The Factaa had his Moet bubble bath today hahahaha?????